Bufab AB Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 08, 2024 at 09:10 am
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Bufab AB (publ) reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was SEK 1,943 million compared to SEK 2,074 million a year ago. Net income was SEK 71 million compared to SEK 135 million a year ago. Basic earnings per share from continuing operations was SEK 1.87 compared to SEK 3.58 a year ago. Diluted earnings per share from continuing operations was SEK 1.86 compared to SEK 3.55 a year ago.
For the full year, sales was SEK 8,680 million compared to SEK 8,431 million a year ago. Net income was SEK 574 million compared to SEK 609 million a year ago. Basic earnings per share from continuing operations was SEK 15.17 compared to SEK 16.23 a year ago. Diluted earnings per share from continuing operations was SEK 15.03 compared to SEK 15.95 a year ago.
Bufab AB (publ) is a Sweden-based company engaged in the supply of fasteners and small parts to industrial segments, and provision of logistics and purchasing services. The Company purchases, develops, manufactures and distributes components such as C-parts, standard fasteners, magnets, magnet systems, and other standard and drawing-specific parts in metal, plastic, rubber, stainless steel, metal powder, wire and fabric. It serves a variety of industries, such as telecommunication, automotive, furniture, offshore, engineering, industrial construction, agriculture, aerospace and railway. The Company operates through subsidiaries in Sweden, Norway, Finland, France, Germany, China, Taiwan, Austria, Poland, the United Kingdom and the Netherlands, among others. Also, it operates Kian Soon Mechanical Components Pte Ltd in Singapore.
BUFAB AB 
